Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBPJPY trade ideas
GBP/JPY SELL IDEA (R:R=5.9)Placed a sell order for G/J at 190.695. We have a beautiful X CRAB that just formed on the 30 minute chart.
Trade with proper risk management please since we have news announcements coming out at 4:30 AM EST today.
GBP-Flash Manufacturing PMI
GBP-Flash Services PMI
Stop Loss: 191.285
Take Profit: 187.200
Happy Trading!
Gbpjpy As predicted, has all the imbalances filled ? Are we already melting ? Share your insight
Fundamental Analysis:
Monetary Policies: The Bank of England (BoE) and the Bank of Japan (BoJ) maintain divergent monetary stances. The BoE's relatively hawkish approach contrasts with the BoJ's continued ultra-loose policy, which traditionally supports GBP strength against JPY.
Economic Indicators: Recent data indicates a contraction in UK retail sales by 6.9% in September 2022, reflecting economic challenges. In contrast, Japan's National Consumer Price Index (CPI) for March showed a modest increase of 0.2% monthly, with a 0.2% annualized decrease, suggesting persistent deflationary pressures.
Market Sentiment:
The GBP/JPY pair is sensitive to global risk sentiment. Increased market volatility or geopolitical tensions often lead investors to seek safe-haven assets like the JPY, potentially exerting downward pressure on the pair. Conversely, improved global economic outlooks may favor GBP appreciation.
(Japanese Yen) pair on a 3-hour timeframe. chart showing the analysis of a JPY (Japanese Yen) pair on a 3-hour timeframe. Multiple support and resistance zones are marked with red and blue horizontal lines.
Key Observations:
1. Price Movement: The price is in a downtrend and is reacting at a strong support level (around 189.142).
2. Fibonacci & Zones: The chart seems to incorporate Fibonacci retracement or supply/demand zones for analysis.
3. Indicators & Analysis: No specific indicators are visible, but the analysis appears to be based on price action and market structure.
4. Potential Trade Setup: If the price bounces from this level, a reversal may occur. Otherwise, thereโs a chance of further downside continuation.
GBP/JPY shortstill a bearish trend on 1D and 4H in the long run I am looking for update of previous low. Right now bearish descending triangle is formed on 1H so I am looking for fall from current low. Sl is placed above support. If SL will be collected I will look to re enter sells from 4H fvg indicated as yellow rectangle
SL 189.85
entry 189.3
TP 187.4
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends ๐๐ผ
(GPBJPY) trading signals technical analysis satup๐๐ผ
I think now (GBPJPY) ready for( BUY )trade ( GBPJPY ) BUY zone
( TRADE SATUP) ๐๐ผ
ENTRY POINT (189.200) to (189.300) ๐
FIRST TP (189.700)๐
2ND TARGET (190.000) ๐
LAST TARGET (190.400) ๐
STOP LOOS (188.500)โ
Tachincal analysis satup
Fallow risk management
GBPJPY Will Explode! BUY!
My dear followers,
This is my opinion on the GBPJPY next move:
The asset is approaching an important pivot point 190.70
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 191.37
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
โโโโโโโโโโโ
WISH YOU ALL LUCK
Pound-yenโs losses continue amid high volatilityDespite mostly positive data from the UK recently considering the circumstances, the yen remains relatively strong against the pound compared to much of the last quarter. Demand for havens is still high as trade wars between the USA and various other countries continue while participants widely expect the Bank of Japan to continue hiking rates moderately this year.
Pound-yen is normally among the most volatile forex majors but instability has been particularly high over the last few months compared to most of 2024. ยฅ185 seems to be a very strong zone of demand based on performance in the third quarter of 2024, but before that around ยฅ187.20 there seems to be a significant support which could resist testing. Thereโs no clear signal now from the slow stochastic, which is closer to neutral than overbought.
The value area between the 50 and 100 SMAs, ยฅ193-194, could be an important short-term resistance. The absence of top-tier data affecting GBPJPY in the next few days makes picking a position here more challenging, so waiting for confirmation of a break or bounce from ยฅ189 might make sense.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends ๐๐ผ
(GPBJPY) trading signals technical analysis satup๐๐ผ
I think now (GBPJPY) ready for( BUY )trade ( GBPJPY ) BUY zone
( TRADE SATUP) ๐๐ผ
ENTRY POINT (189.400) to (189.500) ๐
FIRST TP (190.000)๐
2ND TARGET (190.400) ๐
LAST TARGET (190.700) ๐
STOP LOOS (188.800)โ
Tachincal analysis satup
Fallow risk management
GBP/JPY - Bullish Reversal from Key Support๐ Trade Idea: Long GBP/JPY
Analysis:
Price has rejected a key demand zone, showing a strong reaction off support. The long wick and bullish rejection indicate buyers stepping in. This aligns with a potential reversal trade, aiming for a retest of the previous supply zone.
Trade Plan (Based on Chart Setup):
๐น Entry: 189.744 (Rejection from support)
๐น Stop Loss: 189.422 (Below candle's body)
๐น Take Profit: 190.388 (Fixed at 2R)
Risk/Reward:
โ
Stop Loss: 32pips
โ
Take Profit: 64 pips
โ
Risk-Reward Ratio: 1:2
Why this trade?
โ๏ธ Strong bullish rejection from demand zone
โ๏ธ Liquidity grab below lows before push-up
โ๏ธ Targeting previous resistance/supply zone
๐ Looking for follow-through momentum toward the upside.